- The global meat substitute market is expected to reach $7.5 billion by 2025
- Meat alternatives have been shown to improve environmental sustainability, animal welfare and human health
- Beyond Meat is recognized as a strong competitor to the animal-based meat industry
According to an Allied Market Research report (http://nnw.fm/gGgY4), the global meat substitute market is expected to reach $7.5 billion by 2025. This newly exploding industry is credited to the public’s growing consciousness of environmental sustainability, animal welfare and health awareness. Beyond Meat Inc. (NASDAQ: BYND) is a leading player in this growing industry, providing delicious and sustainable substitutes to pork, chicken, turkey and beef. The company is seeking to satisfy consumers’ taste for meat with vegetarian options using plant-based ingredients.
The meatless industry offers a positive impact on climate change and addresses global resource constraints. Beyond Meat has developed a way to create meat without animals, which requires fewer resources. The Center for Sustainable Systems at the University of Michigan compared the environmental impact of a 4 oz. uncooked Beyond Burger patty with that of a standard beef patty. Results found that the Beyond Burger produced 90 percent less greenhouse gas emissions, used 46 percent less energy and required 93 percent less land and 99 percent less water to produce (http://nnw.fm/l7BRr).
In addition to improving environmental sustainability by switching to meat substitutes, consumers are increasingly cognizant of animal welfare. Currently, 66 billion land animals are slaughtered every year for food. Meat is made of protein, fat, trace minerals and water, all of which can be derived from plants.
Red meat has also been linked to health concerns. People who eat red meat, according to a study published in the British Medical Journal (http://nnw.fm/48TLb), have an increased risk of dying from nine different diseases. In 2015, the World Health Organization classified red meat as a probable carcinogen. The American Cancer Society recommends limiting processed and red meat consumption in favor of vegetables, fruits and whole grains (http://nnw.fm/xvK3A). Beyond Meat is strategically positioned to serve consumers looking for healthy alternatives without the need to forego taste and quality.
Even leaders within the animal-based meat industry are taking note and acknowledging that plant-based protein is becoming a strong competitor in the food industry (http://nnw.fm/zRB8t). Companies such as Beyond Meat are offering healthier alternatives that cannot be ignored.
For more information, visit the company’s website at www.BeyondMeat.com
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